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Page 52 - புதுப்பிக்கத்தக்க எரிபொருள்கள் சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Biofuels Industry Wary of Tech-Neutral Tax Credit Absent CI Model Changes – Advanced BioFuels USA

by Patrick Newkumet (OPIS)  Alternative low-carbon fuel producers would receive tax credits for reaching net-zero emissions under a U.S. Senate bill introduced last month, but biofuel industry stakeholders are concerned they will find it difficult to reach that target by 2030 unless the government revises its count of the carbon intensity (CI) of their fuels to what they say would be a more accurate and lower number. Under the Clean Energy for America Act, introduced by Senate Finance Committee Chairman Ron Wyden (D-Oregon) on April 21, tax breaks for fossil fuels would be replaced with a technology-neutral tax break for producers whose fuels have zero or negative carbon emissions.

Court vacates last-minute refinery exemptions

Appeals court vacates three last-minute RFS waivers

iStock: photosbyjim The federal appeals court that greatly restricted access to “hardship” exemptions from the U.S. ethanol mandate in 2020 granted an EPA request on Wednesday to cancel three exemptions issued on President Trump’s final day in office. After the Biden administration took office, the EPA said the waivers had been issued without analysis of whether they were appropriate. “We vacate the agency’s decision and remand for further administrative proceedings consistent with this court’s decision in Renewable Fuels Association,” said a three-judge panel of the 10th Circuit U.S. Court of Appeals, based in Denver. In January 2020, the 10th Circuit ruled, in Renewable Fuels Association v. EPA, that small-volume refineries were eligible for waivers from complying with the Renewable Fuel Standard (RFS) only if they had received a waiver in the preceding year.

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